This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Which of the following statements regarding a marginal-cost pricing rule for a natural monopoly is ... (Read 79 times)

kamilo84

  • Sr. Member
  • ****
  • Posts: 495
on: Jun 29, 2018
Which of the following statements regarding a marginal-cost pricing rule for a natural monopoly is WRONG?
 
  A) It maximizes total surplus in a regulated industry.
  B) The firm produces the efficient quantity.
  C) The firm's price equals its marginal cost.
  D) The firm makes an economic profit.

Question 2

In the figure above, at point A the consumer is willing to give up ________ pounds of pickles to get one additional pound of olives.
 
  A) 8
  B) 6
  C) 1 1/3
  D) 2


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

carolinefletcherr

  • Sr. Member
  • ****
  • Posts: 313
Reply #1 on: Jun 29, 2018
Answer to Question 1

D

Answer to Question 2

C


kamilo84

  • Member
  • Posts: 495
Reply 2 on: Jun 29, 2018
:D TYSM

flexer1n1

  • Member
  • Posts: 373
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

There are approximately 3 million unintended pregnancies in the United States each year.

Did you know?

More than 30% of American adults, and about 12% of children utilize health care approaches that were developed outside of conventional medicine.

Did you know?

If you use artificial sweeteners, such as cyclamates, your eyes may be more sensitive to light. Other factors that will make your eyes more sensitive to light include use of antibiotics, oral contraceptives, hypertension medications, diuretics, and antidiabetic medications.

Did you know?

Acetaminophen (Tylenol) in overdose can seriously damage the liver. It should never be taken by people who use alcohol heavily; it can result in severe liver damage and even a condition requiring a liver transplant.

Did you know?

The average older adult in the United States takes five prescription drugs per day. Half of these drugs contain a sedative. Alcohol should therefore be avoided by most senior citizens because of the dangerous interactions between alcohol and sedatives.

DNA replication according to the AT/GC rule DNA replication according to the AT/GC rule
When a Tornado Strikes: Social Organization Following a Natural Disaster When a Tornado Strikes: Social Organization Following a Natural Disaster
Some drugs are still derived from natural sources Some drugs are still derived from natural sources
Find the derivative by using the quotient rule. Find the derivative by using the quotient rule.
Are these the correct answers for finding the derivative using the power rule? Are these the correct answers for finding the derivative using the power rule?
Find derivative using quotient rule Find derivative using quotient rule
Video: Introduction to Cystic Fibrosis

For a complete list of videos, visit our video library